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Treasurer reports roughly $474,000 on hand after large ad valorem payment
Summary
Treasurer Marissa reported the district received a sizable ad valorem payment and currently has about $474,000 in the bank, giving the board room to move on capital projects while noting variability in monthly receipts.
At the meeting's finance report, Treasurer Marissa told the board the district received a large ad valorem payment last month and has roughly $474,000 in the bank.
"So, we got a pretty nice, ad valorem payment last month... right now, we have, about 474,000 in the bank account," Marissa said. Board members noted ad valorem receipts vary widely month to month — Marissa said some months are as high as about $200,000 and others as low as $50,000 — and agreed to weigh that variability when approving capital spending. The board discussed lines of credit and available liquid cash (about $90,000 in Raymond James) as potential buffers for near-term projects.
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